Oil prices closed out their biggest week of losses in more than nine months with another down day on Friday, as investors sold futures in anticipation of weakened fuel demand worldwide due to a surge in COVID-19 cases.
Activist investor Starboard Value LP poached an analyst from asset manager BlackRock's investment stewardship team, which exerts great influence on issues such as climate change and board makeup that often are critical to the hedge fund's campaigns, two sources familiar with the matter said on Thursday.
The Taliban took over Afghanistan with astonishing speed, but it appears unlikely that the militants will get quick access to most of the Afghan central bank’s roughly $10 billion in assets.
Major stock indexes slid and defensive investments posted gains amid fears about an uneven economic recovery in the United States and the continuing spread of the Delta coronavirus variant.
Investors generally shied away from risk Monday, as turmoil in Afghanistan, fresh concerns about an economic slowdown in China and the spreading coronavirus Delta variant put the brakes on last week's equities surge.
Below are five events and themes likely to dominate global financial markets next week.
China's online giant, Tencent Holdings Ltd, and SoftBank Group Corp's Latin America-focused fund led an investment round for Argentine firm Uala which took its valuation to $2.45 billion, the fintech company said on Friday.
Adidas is selling Reebok to Authentic Brands Group(ABG) for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company concentrates on its core brand after a deal that did not deliver.
The abundance of cheap corporate debt is pushing investors who typically buy the debt of U.S. companies in financial distress to invest instead in providing financing to companies that are shunned by banks and don't have any other way to borrow money.
A U.S. bidding battle could be brewing for UK aerospace engineer Meggitt, which has been approached by TransDigm over a possible 7.03 billion pound ($9.74 billion) offer, days after accepting a lower bid from Parker-Hannifin.
IKEA's shopping malls business, one of the world's biggest, has kicked off the sales process for some 500 flats at its first-ever mixed-use retail and residential development, in Changsha in southern China.
Amazon.com Inc on Tuesday said it would pay customers who suffer injuries or property damage from defective goods others sell on its U.S. platform, in a new policy that could reduce litigation.
Exxon Mobil Corp has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise billions of dollars to shed unwanted assets and reduce debt taken on last year.
Oil prices fell over 2% to a three-week low on Monday, extending last week's steep losses on the back of a firmer U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.
Two Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labor market still has room for improvement, inflation is already at a level that could satisfy one leg of a key test for the beginning of rate hikes.
